PARIS Dec 14 President Nicolas Sarkozy said on
Monday the French state would raise 35 billion euros ($51.33
billion) to fund strategic investments in the coming months,
with the priority given to higher education and training.
Sarkozy told a news conference that a further 25 billion
euros would come from the private sector to spend on an array of
projects aimed at boosting France's economic competitiveness in
the wake of the global slowdown.
The so-called "big loan" has been under discussion for
months and the government has already put aside more than 10
billion euros for the programme, leaving an estimated 22 billion
euros to be raised on the financial markets.
(Reporting by Crispian Balmer; editing by James Mackenzie)